As CyberArk Software Ltd. (NASDAQ:CYBR) enters the latter half of its fiscal year 2024, the company’s impressive Q2 performance has sent its stock soaring, with a 16% increase since the earnings report. This upward trend is likely attributed to the company’s raised guidance for FY24, surpassing initial expectations.
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Important disclosures: The authors hold no positions in the companies mentioned and do not plan to initiate any positions within the next 72 hours. This article represents the authors’ personal opinions and is not influenced by any external compensation. Additionally, Seeking Alpha reminds investors that past performance is not indicative of future results, and any investment decisions should be made after thorough research and consideration.
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